Biocides Market, Overview, Growth, Demand and Forecast to 2024-2031

The global biocides market, valued at $11,672.24 million in 2022, is poised for substantial growth with an expected CAGR of 3.8% over the forecast period. The demand for biocides spans various industries, including healthcare, construction, food & beverages, water treatment, agriculture and crop protection, and wood preservation.

The rising demand for biocides across diverse industries is a significant driver for market growth. In healthcare and pharmaceutical settings, biocides play a crucial role in disinfecting surfaces, medical equipment, and instruments. This usage is pivotal in preventing healthcare-associated infections (HAIs) and ensuring patient safety. Increasing consumer awareness of health and safety issues has led to a surge in demand for products prioritizing cleanliness and hygiene, consequently boosting the adoption of biocides in various applications.

Furthermore, the growing incidence of waterborne diseases is fueling the demand for biocides. In water treatment processes, biocides are employed to eliminate harmful microorganisms, ensuring the provision of safe and clean drinking water. Stringent standards and requirements imposed by regulatory agencies in healthcare, food production, and water treatment sectors drive compliance and the need for biocide usage to meet regulatory obligations.